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Marg’s Karaikal Port raises Rs 200 cr from PE funds

Karaikal Port, a private port developed by Chennai-based Marg, has secured its third private equity infusion to part-fund its expansion plans. Private equity firm Jacob Ballas India, backed by New York Life International, has invested Rs 200 crore in Karaikal Port to pick up a minority stake.

Jacob Ballas India has made the investment of Rs 200 crore (by way of primary and secondary investments) from its NYLIM Jacob Ballas India Fund III, which has a corpus of $440 million. […]